M&A Deal Summary

Ligand Pharmaceuticals Acquires Apeiron Biologics

On July 8, 2024, Ligand Pharmaceuticals acquired life science company Apeiron Biologics for 100M USD

Acquisition Highlights
  • This is Ligand Pharmaceuticals’ 15th transaction in the Life Science sector.
  • This is Ligand Pharmaceuticals’ 3rd largest (disclosed) transaction.
  • This is Ligand Pharmaceuticals’ 1st transaction in Austria.

M&A Deal Summary

Date 2024-07-08
Target Apeiron Biologics
Sector Life Science
Buyer(s) Ligand Pharmaceuticals
Deal Type Add-on Acquisition
Deal Value 100M USD
Advisor(s) Baker & McKenzie
DORDA Rechtsanwälte (Legal)

Target

Apeiron Biologics

Vienna, Austria
Apeiron Biologics is a private biopharmaceutical company that co-developed QARZIBA (dinutuximab beta), a high-risk neuroblastoma drug, which it licensed to EUSA Pharma (UK) Limited (now a Recordati S.p.A. company) in 2016. The company also maintains a portfolio of more than 400 patents including the intellectual property and licenses for an early-stage immuno-oncology portfolio currently being developed by invIOs Holding AG which was spun-off from APEIRON in 2022. Apeiron Biologics was formed in 2000 and is based in

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Buyer(S) 1

Buyer

Ligand Pharmaceuticals

Jupiter, California, United States

Category Company
Founded 1987
Sector Life Science
Employees58
Revenue 131M USD (2023)
DESCRIPTION

Ligand Pharmaceuticals is a pharmaceutical company, develops products for men's and women's hormone-related diseases, osteoporosis, metabolic disorders, and cardiovascular and inflammatory diseases. Ligand Pharmaceuticals was founded in 1987 and is based in Jupiter, Florida.


DEAL STATS #
Overall 16 of 16
Sector (Life Science) 15 of 15
Type (Add-on Acquisition) 13 of 13
Country (Austria) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 3 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 Tolerance Therapeutics

San Diego, California, United States

Tolerance Therapeutics is a biopharmaceutical company engaged in biotech and pharmaceutical manufacturing. Tolerance Therapeutics is based in San Diego, California.

Buy $20M